Month: December 2015

Millrock Announces Increase In Non-Brokered Private Placement Financing

Millrock Resources Inc. reports it has increased the non-brokered private placement announced on November 20, 2015. The financing will now consist of up to 8,125,000 units at a price of $0.16 per Unit, for gross proceeds of up to $1,300,000. Each Unit shall consist of one common share of Millrock and one share purchase warrant. Each Warrant will entitle the holder thereof to purchase one additional common share at a price of $0.22 per common share until and including the date which is one year from the closing date, thereafter at a price of $0.30 per common share until and including the date which is two years from the closing date and thereafter at a price of $0.40 per common share until and including the date which is four years from the closing date.

Southern Silver Identifies New Thick High-Grade Massive Sulphide Extension at Its Cerro Las Minitas Project

Southern Silver Exploration Corp. reported today that core drilling on the Cerro Las Minitas project, Durango State, Mexico has identified thick intervals of high-grade semi-massive and massive sulphide mineralization in drill hole 15CLM-081. The mineralized intercepts represent a significant lateral offset from previously outlined mineralization of the Blind-El Sol zones. Highlights from drill hole CLM-081 include:

Minera Alamos Inc.: Drilling at Los Verdes North Deposit Returns Values in Excess of Existing South Resource

“Not only were we encouraged by the significant copper equivalent grades at the North Deposit but also by an unexpectedly high silver content – over five times that experienced in the South Deposit,” said Darren Koningen, President, Minera Alamos Inc. “The real surprise, however, was how close the deposit came to surface making it ideal for open pit mining. The top six metres of all nine holes had a collective average grade of 0.79% copper equivalent.”

Habitantes de Coatetelco se oponen a la operación de empresa minera

Un grupo de habitantes de la comunidad de Coatetelco de esta localidad rechaza a la empresa minera Alamos Gold Company (antes Esperanza Silver), la cual busca explotar alrededor de 303 hectáreas de tierras de cultivo y de uso común de la comunidad para extraer metales como antimonio, arsénico y oro.

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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